BLK vs. CP.TO
BLK (BlackRock, Inc.) and CP.TO (Canadian Pacific Railway Limited) are both stocks. BLK operates in Asset Management (Financial Services), while CP.TO operates in Railroads (Industrials). Over the past 10 years, BLK returned 14.55%/yr vs 16.86%/yr for CP.TO. At a 0.40 correlation, their price movements are largely independent.
Performance
BLK vs. CP.TO - Performance Comparison
Loading charts...
Different Trading Currencies
BLK is traded in USD, while CP.TO is traded in CAD. To make them comparable, the CP.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BLK achieves a -2.50% return, which is significantly lower than CP.TO's 22.22% return. Over the past 10 years, BLK has underperformed CP.TO with an annualized return of 14.55%, while CP.TO has yielded a comparatively higher 16.86% annualized return.
BLK
- 1D
- 1.52%
- 1M
- -5.14%
- YTD
- -2.50%
- 6M
- -4.18%
- 1Y
- 6.62%
- 3Y*
- 17.07%
- 5Y*
- 5.74%
- 10Y*
- 14.55%
CP.TO
- 1D
- 0.66%
- 1M
- 5.02%
- YTD
- 22.22%
- 6M
- 20.47%
- 1Y
- 12.33%
- 3Y*
- 6.28%
- 5Y*
- 2.97%
- 10Y*
- 16.86%
BLK vs. CP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BLK BlackRock, Inc. | -2.50% | 6.55% | 29.29% | 17.86% | -20.40% | 29.39% | 47.21% | 31.87% | -21.59% | 38.20% |
CP.TO Canadian Pacific Railway Limited | 22.22% | 2.59% | -7.85% | 7.17% | 5.17% | 4.84% | 43.50% | 50.20% | 2.51% | 35.44% |
Correlation
The correlation between BLK and CP.TO is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2006 | 0.40 |
Fundamentals
BLK:
$170.28B
CP.TO:
CA$112.95B
BLK:
$38.89
CP.TO:
CA$4.49
BLK:
26.53
CP.TO:
28.03
BLK:
6.46
CP.TO:
7.63
BLK:
3.00
CP.TO:
2.43
BLK:
$25.71B
CP.TO:
CA$14.98B
BLK:
$15.21B
CP.TO:
CA$6.94B
BLK:
$9.79B
CP.TO:
CA$8.23B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BLK vs. CP.TO — Risk / Return Rank
BLK
CP.TO
BLK vs. CP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock, Inc. (BLK) and Canadian Pacific Railway Limited (CP.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BLK | CP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.11 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.77 | -0.48 |
| Martin ratioReturn relative to average drawdown | 0.66 | 1.46 | -0.80 |
Loading charts...
Drawdowns
BLK vs. CP.TO - Drawdown Comparison
The maximum BLK drawdown since its inception was -60.36%, smaller than the maximum CP.TO drawdown of -66.07%. Use the drawdown chart below to compare losses from any high point for BLK and CP.TO.
Loading charts...
Drawdown Indicators
| BLK | CP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.36% | -66.07% | +5.71% |
Max Drawdown (1Y)Largest decline over 1 year | -22.45% | -16.04% | -6.41% |
Max Drawdown (3Y)Largest decline over 3 years | -23.74% | -25.70% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -43.90% | -25.70% | -18.20% |
Max Drawdown (10Y)Largest decline over 10 years | -43.90% | -33.22% | -10.68% |
Current DrawdownCurrent decline from peak | -12.80% | -1.56% | -11.24% |
Average DrawdownAverage peak-to-trough decline | -11.93% | -12.84% | +0.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.05% | 8.44% | +1.61% |
Volatility
BLK vs. CP.TO - Volatility Comparison
BlackRock, Inc. (BLK) has a higher volatility of 8.55% compared to Canadian Pacific Railway Limited (CP.TO) at 5.22%. This indicates that BLK's price experiences larger fluctuations and is considered to be riskier than CP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BLK | CP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.55% | 5.22% | +3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 20.59% | 17.42% | +3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.90% | 22.53% | +3.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.76% | 23.54% | +3.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.75% | 24.69% | +3.06% |
Dividends
BLK vs. CP.TO - Dividend Comparison
BLK's dividend yield for the trailing twelve months is around 2.12%, more than CP.TO's 0.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BLK BlackRock, Inc. | 2.12% | 1.95% | 1.99% | 2.46% | 2.75% | 1.80% | 2.01% | 2.63% | 3.08% | 1.95% | 2.41% | 2.56% |
CP.TO Canadian Pacific Railway Limited | 0.72% | 0.86% | 0.73% | 0.72% | 0.75% | 1.67% | 4.03% | 4.74% | 5.19% | 4.76% | 4.83% | 3.96% |
Financials
BLK vs. CP.TO - Financials Comparison
This section allows you to compare key financial metrics between BlackRock, Inc. and Canadian Pacific Railway Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BLK vs. CP.TO - Profitability Comparison
BLK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported a gross profit of 5.51B and revenue of 6.77B. Therefore, the gross margin over that period was 81.4%.
CP.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Railway Limited reported a gross profit of 1.36B and revenue of 3.70B. Therefore, the gross margin over that period was 36.8%.
BLK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported an operating income of 2.33B and revenue of 6.77B, resulting in an operating margin of 34.5%.
CP.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Railway Limited reported an operating income of 1.27B and revenue of 3.70B, resulting in an operating margin of 34.2%.
BLK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BlackRock, Inc. reported a net income of 2.21B and revenue of 6.77B, resulting in a net margin of 32.7%.
CP.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Pacific Railway Limited reported a net income of 846.00M and revenue of 3.70B, resulting in a net margin of 22.9%.
Frequently Asked Questions
BLK and CP.TO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BLK and CP.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer